Section 280E Cannabis Accounting

Businesses in the cannabis industry face unique financial challenges due to the complexities of Section 280E of the tax code. This section applies to businesses involved in the cultivation, sale, or processing of cannabis, classifying it as a Schedule I substance. As a result, cannabis businesses are subject to specific tax restrictions that limit deductions, making compliance even more critical. Our team specializes in Section 280E accounting, ensuring that your business remains compliant while minimizing the tax burden as much as possible within legal limits.

With our expertise in cannabis accounting, we help you navigate these challenging regulations and provide strategic insights to maximize profitability. Get in touch for a consultation, and let us handle the complexities of Section 280E so you can focus on growing your business.